1153 Bedford Lofts LLC Acquires Property From Ade Azaria For $1.65M In Brooklyn
SOLD
$1,650,000
New York
See Similar DealsRetail2,400 SF
SOLD
1153 Bedford Lofts LLC Acquires Property From Ade Azaria For $1.65M In Brooklyn
1153 Bedford Ave, Brooklyn, NY, 11216
See Similar DealsRetail2,400 SF
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$687
Total Square Footage:2,400 SF
Transaction Type:Sale
The property involved in this transaction is located at 1153 Bedford Ave, Brooklyn, NY, 11216. It has a total square footage of 2,400 and was sold for $1,650,000.00 within the Brooklyn market.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $1,650,000.00
- Address: 1153 Bedford Ave, Brooklyn, NY, 11216
- Market: Brooklyn
- Square Footage: 2,400
- Seller: Ade Azaria
- Buyer: 1153 Bedford Lofts LLC
- Seller's Representative: Jacob Tzfanya - CBRE
The transaction was facilitated by Jacob Tzfanya, who represented the seller, Ade Azaria, in this deal. The buyer, 1153 Bedford Lofts LLC, completed the purchase in the outlined market area.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$88,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,862.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,821.84
Annual Debt Service$93,862.10
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